Manulife Financial Balance Sheet Health
Financial Health criteria checks 4/6
Manulife Financial has a total shareholder equity of CA$49.9B and total debt of CA$24.2B, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are CA$907.2B and CA$857.3B respectively. Manulife Financial's EBIT is CA$7.7B making its interest coverage ratio 4.7. It has cash and short-term investments of CA$27.1B.
Key information
48.4%
Debt to equity ratio
CA$24.17b
Debt
Interest coverage ratio | 4.7x |
Cash | CA$27.13b |
Equity | CA$49.89b |
Total liabilities | CA$857.33b |
Total assets | CA$907.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MNLC.F's short term assets (CA$87.0B) exceed its short term liabilities (CA$3.0B).
Long Term Liabilities: MNLC.F's short term assets (CA$87.0B) do not cover its long term liabilities (CA$854.3B).
Debt to Equity History and Analysis
Debt Level: MNLC.F has more cash than its total debt.
Reducing Debt: MNLC.F's debt to equity ratio has increased from 39.4% to 48.4% over the past 5 years.
Debt Coverage: MNLC.F's debt is well covered by operating cash flow (91.2%).
Interest Coverage: MNLC.F's interest payments on its debt are well covered by EBIT (4.7x coverage).